SEC’s Missed Leadership Role May Slow or Shift Crypto Rulemaking

With Congress failing to advance a comprehensive digital asset market structure bill, U.S. crypto oversight is increasingly shifting from legislation to rulemaking. That change is happening as the two main federal regulators responsible for crypto-related enforcement and market guidance— the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)—face a leadership vacuum that leaves key decisions concentrated among a very small number of commissioners. According to the current staffing situation described by Cointelegraph , both agencies are operating below their intended commissioner complement and have moved forward with proposals that could effectively fill parts of the legislative…